Europe’s Platinum Lining

The Australian reported on platinum prices and its expected future in Europe.

As quoted in the market news:

Europe’s inability to come together should at least make it easier for others to do so. Call it the platinum lining.

General Motors is the latest auto maker to warn of mounting losses in Europe’s moribund vehicle market. Morgan Stanley expects light-vehicle sales in Western Europe to fall 7 per cent this year and 1 per cent next.